SHOP trade ideas

everytimeicash

@1simpletrader

breakoutstock

SHOP is a relatively new public company, but it has traded in a rather wide range since its IPO last year. Like a lot of the market, it may be a little extended in the near term after rallying almost 70% from its February low, but near $70 looks like a good place.

Reallifetrading

$25 is a very strong support. SHOP has bounced off of this level before, a few times. Looks like it has retested this as a nice support. WE will leave this trade open until at LEAST April..

Reallifetrading

If SHOP gaps up into the purple zone, I'm bearish to neutral. If it gaps up into the small green zone, I'll be bullish on the day trade level. If shop gaps down into the red zones I will be bearish.

tanic_trades

Looking to resolve itself. Unusual buying today on this break over 26. Need over 26.50 for confirmation of breakout then PT 30

tanic_trades

Bottom of channel, horizontal support. Watch for bounce and short covers

showstopper

Price closed just above 50dma, although on day's low. But overall market didn't help the cause. Can break out of the wedge to the upside as it's right at lower support.

DeltaNinety

Watching this over 35.50 for a move higher, Seems to be creating support here, More work to be done hwoever

DeltaNinety

Watching this over 35.50 for a move higher

StockBoardAsset

The structures were beautiful until gap up now

TradingMula

First target $36. Second target 40-42

DeltaNinety

SHOP another relatively newer issue, which looks good for a move higher if it can get above $35. However careful of the liquidity since its a thinner stock

Snowbeezy

Finding support on 20 dma. Recent IPO.

StockBoardAsset

34.50R

Reallifetrading

Great new company. Double bottom on the daily. Volume increased nicely recently.

TradingMula

Wall at 27.50